4. TYPES OF FINANCIAL CONTROL IN FOREIGN PRACTICE

In foreign practice, three types of financial control have developed to date. In the Standards for Government Auditing of the United States General Audit Office (Government Auditing Standards (United States General Accounting Office) the following types of audit are given:

1) fynansovыy (Financial audits);

2) assurance (confirmation) audit (Attestation Engagements);

3) activity audit (Performance Audits).

A similar classification is given in the audit standards of other foreign countries, the experience of which is actively borrowed by the republics of the former USSR. For example, since 2002, the legislation of the Republic of Kazakhstan has established three types of financial control by state bodies:

1) compliance control - assessment of compliance of the activities of the object of state financial control with the requirements of the legislation of the Republic of Kazakhstan;

2) control of financial reporting - assessment of the reliability, validity and timeliness of the preparation and presentation of financial statements by the object of state financial control;

3) efficiency control - checking and evaluating the cost-effectiveness, effectiveness and efficiency of the use of objects of state financial control of funds from the republican or local budgets, state assets, state-guaranteed loans, money from the sale of goods (works, services), grants by state institutions.

It should be noted that this kind of classification of the goals of financial control existed in Russia. The Law "On State Control" dated April 28, 1892 stated that state control:

1) monitors the legality and correctness of administrative and executive actions for the receipt, expenditure and storage of capital, which are in charge of institutions reporting to him,

2) draws up considerations on the profitability or unprofitability of business operations, regardless of the legality of their production;

3) considers financial estimates and submissions on the allocation of excess credits of ministries and main departments, revises reporting on the turnover of monetary and material capitals that are in charge of reporting institutions; performs, according to special provisions, the actual verification of monetary and material capital, structures, buildings and other operations, as well as certain items subject to payment of taxes and other fees, and the operation of state-owned and private railways subordinate to his supervision.

Currently, most of the standards for each type of financial control have already been developed abroad; in the national practice of financial control, work on a clear distinction between types of control is just beginning.

It should also be noted that the mentioned three types of control can be distinguished into external and internal control.

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